Maruti Suzuki hikes car prices by up to Rs8,014 with immediate effect
New Delhi: India’s largest carmaker Maruti Suzuki India Ltd on Friday hiked prices of its entire product range by up to Rs8,014 with immediate effect.
The price hike is in the range of Rs1,500 to Rs8,014 (ex-showroom, Delhi) across models, Maruti Suzuki said in a statement. “The hike in car prices is because of increase in commodity, transportation and administrative costs,” it added.
Maruti sells a range of models—from hatchback Alto 800 to crossover S-Cross—priced between Rs 2.45 lakh and Rs 12.03 lakh (ex-showroom Delhi).
In August last year, Maruti had hiked the prices of its compact SUV Vitara Brezza by Rs20,000 and that of premium hatchback Baleno by Rs10,000. On a select range of models, the price hike was between Rs1,500 and Rs5,000.
Last year, various car makers like Hyundai Motor India, Mahindra and Mahindra, Nissan India, Toyota Kirloskar, Renault India, Mercedes-Benz India and Tata Motors had announced hikes in prices of their vehicles from January citing rise in input costs and adverse impact of foreign exchange rates.